PG AUTOMOTIVE HOLDINGS PTE. LTD.

The government of the Nizhny Novgorod Region is to grant tax benefits to the South Korean company DK Rus, which intends to increase its production of covers for the salons of KIA and Hyundai manufactured in Russia by 40 per cent, to 350 thousand sets a year, Senior Deputy Governor Veronika Minina informed TASS today.

As President of PG Automotive Holdings PTE. Ltd Including DK Rus) Park Ki Chul announced, by 2018, the company plans to build a second plant in Veliky Novgorod for gluing cut out materials.

At this plant, several layers of different materials will be glued together for sewing sets of covers for seats, the head of the holding explained.

The company currently produces 250 thousand sets of covers for KIA and Hyundai car salons, though the production capacity is sufficient for 350 thousand sets. The sewing plant employs 157 people. Since 2013, investment in setting up production in Veliky Novgorod has amounted to RUB 198 m.
 

06 May 2015
ITAR TASS
Investor
Novgorod Region

Investor profile

PG AUTOMOTIVE HOLDINGS PTE. LTD.

South Korea

Company's website: http://dkrusvnov.ru

T: +65 6224 1278

PG Automotive Holdings was established in 2000. Since then the Company have extended its business to Malaysia, Korea, Vietnam, Russia with more then 500 employees world-wide. Company's core business is in Manufacturing components for Hyundai and KIA.